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over the years grabbed the ‘bull by the horns’
and achieved tremendous success in the male
dominated mining industry.
MIC is a 100% black-owned entity owned by the
Mineworkers Investment Trust (MIT). It was started
in 1995 with seed capital of R3 million from the
Trust and has grown in asset value to R1, 5 billion.
Since inception MIC has played a crucial role in
promoting inclusive growth and fighting poverty
by investing millions of rands in funding social
development programmes.
To date the MIC has paid close to R500 million in
dividends to the MIT and the money has been
invested in the social and developmental needs of
beneficiaries who are current, past and retrenched
construction, energy and mining sector workers.
The focus is on education, skills training, microenterprises development and job creation.
It has been gathered that the MIC was created
not only for the benefit of individuals, but a
bigger constituency and it is for that reason that
the entity prioritises the community and social
upliftment of its beneficiary base, estimated at
over a million people.
The Trust gives bursaries
to children of our
beneficiaries. We give out
at least 200 bursaries
per annum.
job was with Sanlam in Cape Town. This was partly
because I had a bursary with the company and the
requirement was that I had to work for them after
completing my degree. After my stint with Sanlam,
I worked in different industries before joining
PricewaterhouseCoopers where I did my articles
to become a chartered accountant,” Bomela said.
Over the years, Bomela has proved to be a
powerful catalyst of change as she is not only
breaking the barriers to women empowerment,
but is also supporting other women move up the
ladder by giving them professional development
opportunities.
“It is important for us as women to support each
other and take the initiative to grow our careers.
Nobody but you will take care of your career. As
women, we should complement each other’s
efforts and pull each other up by helping one
another in all areas of life. Integrity and honesty
are important values in the journey of growth and
as women we should guard against the tendency
of stepping on other people’s heads on our way
to the top,” she said.
Bomela joined the company as Executive Director
Strategy in 2010 and took over the reigns in 2012.
Bomela is also a Director at MIC Investment and
sits in six boards.
Bomela has also made major strides in addressing
some of the fears and serious misconceptions of
potential partners about the importance and role
of black economic empowerment companies in
changing lives and investing meaningfully in the
growth of the country’s economy.
Born in Polokwane, this mother of two grew up
in Mafikeng from a family of five girls. She is an
all-rounder who knows the country, its challenges
and strong points very well having studied in Port
Elizabeth, lived in and out of South Africa; and in
all provinces except one.
“It should be noted that the MIC is an active equity
partner whose focus is to ensure growth of our
asset base so that we can continuously pay our
sole shareholder the MIT. Such a dividend enables
our shareholder to fund social projects which
uplift the lives of our beneficiaries,” she said.
She holds a B. Com (Honours) in financial
management from the University of Cape Town
and B. Com (Honours) with a certificate in the
Theory of Accountancy from the University of
Natal. Prior to her executive role at MIC, Bomela
was Executive Corporate Services at the Institute
of Chartered Accountants and is a respected
figure in various industries including resources,
media, utilities and financial services.
Bomela said she is proud to be part of an entity
that continues to change people’s lives daily.
“The Trust gives bursaries to children of our
beneficiaries. We give out at least 200 bursaries
per annum,” she said.
Bomela says teamwork and dedication to the task
at hand is what drives her as she continues to strive
to enlarge the MIC footprint into greater Africa.
Transform SA held a wide-ranging interview with
Bomela and asked her to give an insight into her
illustrious professional journey.
She was asked what she enjoyed the most about
her job.
“My journey started when I was 21. I have always
known that I wanted to be an accountant. My first
“Everything. I like the fact that we have the
opportunity to analyse businesses and be
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